Estimate your monthly mortgage payment based on Edmonton home prices. Edmonton is one of Canada’s most affordable major cities for homeownership, with average prices around $400,000 — roughly one-third of Vancouver’s average and less than half of Toronto’s.
The average home price in Edmonton is approximately $400,000. With a minimum down payment of $20,000 (5%) and CMHC insurance, the total mortgage would be approximately $395,200. At a 4.25% interest rate over 25 years, the monthly mortgage payment would be $2,138.
5-year term summary:
25-year summary:
Edmonton mortgage payment examples
| Home Price | Down Payment | Mortgage + CMHC | Monthly at 4% | Monthly at 5% | Monthly at 6% |
|---|---|---|---|---|---|
| $200,000 | $20,000 | $185,580 | $978 | $1,084 | $1,194 |
| $300,000 | $30,000 | $278,370 | $1,467 | $1,626 | $1,792 |
| $400,000 | $40,000 | $371,160 | $1,956 | $2,168 | $2,389 |
| $480,000 | $48,000 | $445,536 | $2,348 | $2,602 | $2,867 |
| $550,000 | $55,000 | $510,225 | $2,689 | $2,980 | $3,285 |
| $700,000 | $90,000 | $628,910 | $3,314 | $3,673 | $4,047 |
Edmonton vs. other cities: Affordability comparison
| City | Average Price | Monthly Mortgage (10% down, 4.25%) | Annual Property Tax |
|---|---|---|---|
| Edmonton | $400,000 | $2,107 | $2,880 |
| Calgary | $580,000 | $3,051 | $3,712 |
| Ottawa | $630,000 | $3,330 | $6,741 |
| Toronto | $1,065,000 | $4,607* | $7,136 |
| Vancouver | $1,175,000 | $5,084* | $3,290 |
20% down required for homes over $1M.
Edmonton offers the lowest total housing cost of any major Canadian city with 1M+ population.
No land transfer tax
Edmonton (and all of Alberta) has no land transfer tax. See the Alberta registration fee calculator — fees total approximately $390 on a $400,000 home vs. $5,475 in land transfer tax in Ontario.
Edmonton property tax rates
Edmonton’s property tax rate is approximately 0.72%:
| Home Price | Annual Property Tax | Monthly Equivalent |
|---|---|---|
| $300,000 | $2,160 | $180 |
| $400,000 | $2,880 | $240 |
| $500,000 | $3,600 | $300 |
| $600,000 | $4,320 | $360 |
Edmonton housing cost breakdown
| Cost Category | Typical Monthly Range |
|---|---|
| Mortgage payment (on average home) | $2,000 – $2,300 |
| Property taxes | $240 |
| Home insurance | $100 – $175 |
| Utilities & heating | $200 – $400 |
| Maintenance (1% of value/year) | $333 |
Total estimated monthly cost: $2,873 – $3,448
This is 40–55% less than equivalent costs in Toronto or Vancouver.
Edmonton housing by property type
| Property Type | Average Price | Monthly Payment (10% down, 4.25%) |
|---|---|---|
| Detached house | ~$450,000 | $2,370 |
| Semi/duplex | ~$350,000 | $1,844 |
| Townhouse | ~$300,000 | $1,580 |
| Condo apartment | ~$200,000 | $1,054 |
A condo in Edmonton at $200,000 is within reach for buyers who could never afford to enter the market in Toronto or Vancouver.
Edmonton-specific homebuyer considerations
- Extreme winter climate — Edmonton’s long, cold winters (average January temperature -10°C) mean higher heating costs ($250–$400/month in winter) and snow removal expenses.
- Diversified economy — Government, education (University of Alberta), health care, and energy provide a more stable employment base than Calgary’s more energy-dependent economy.
- Rapid growth — Edmonton has seen significant population growth from interprovincial and international immigration, supporting housing demand.
- Urban sprawl — Edmonton is geographically spread out. Consider commute times and transportation costs when choosing a neighbourhood.
- LRT expansion — The Valley Line LRT expansion is improving transit, potentially increasing values along the corridor.
Edmonton market overview
- Central/mature neighbourhoods — $450,000–$700,000 for established homes with character.
- Southwest Edmonton — Popular family communities ($500,000–$700,000).
- Northwest / Northeast — Newer communities with more affordable pricing ($380,000–$550,000).
- St. Albert / Sherwood Park / Spruce Grove — Satellite communities with good value ($400,000–$550,000).
For the latest data, see the Edmonton housing market report.
Related calculators
- Alberta Mortgage Calculator — Provincial overview
- Calgary Mortgage Calculator — Compare with Calgary
- Mortgage Affordability Calculator — How much house can you afford?
- Mortgage Down Payment Calculator — Minimum down payment
- Closing Costs Calculator — Estimate all costs